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Residential Income
$755,000
$775,000
3%
520 S Main Lake Placid, FL

B26021355

1 of 745 for Sale
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  • Listed On:

    Apr 28, 2026
  • Days on Market:

    120
  • Year:

    1982
  • Taxes:

    $5,611 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

520 S Main Lake Placid, FL 5 Units! 6.7-7.5% CapRate. See attached Offering Memorandum for Income/Expenses. 100% Occupied. Prime Multifamily Investment! Well-maintained 5-unit property located in the heart of Lake Placid. This income-producing asset features a strong unit mix: one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units—appealing to a wide range of tenants. Property is easy to manage, tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by owner & running efficiently. Fresh painted exterior. Building is topped w/ durable metal roof & use of window A/C units helps keep maintenance simple & cost-effective. Rents adjusted at renewal,built-in upside for future income growth. See OM & Income/Expenses attached.

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For Sale Details

  • Heating Description

    Window/Wall

  • Photo Count

    8

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1982

Any questions about Residential Income?
Contact our Lake Placid Real Estate Specialist today.

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